eBay set to sell Skype

Sep 2, 2009

eBay has announced that it is to sell off Skype, the online phone service it bought four years ago for $3,1-billion.

It will sell a 65% share of Skype to an investor group, that includes Netscape found Marc Andreessen.The move will leave eBay with its online market and its online payment service PayPal.Skype earned profits of $551-million in 2008.